{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-21-027213","form_type":"8-K","ticker":"PW","cik":"0001532619","company_name":"Power REIT","filed_at":"2021-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.937209+00:00","generated_at":"2026-06-28T12:55:23.497572+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Power REIT amends lease to fund $4.1M Phase 2 greenhouse improvements in Michigan; rent increases $830k/yr","bullets":["Capital commitment of $4.1M for additional improvements; straight-line annual rent increases by $830k (20% unleveraged FFO yield).","Total commitment now ~$25.6M for 556,146 sq ft greenhouse; 20-year triple-net lease with ~$5.1M annual rent (20% yield).","Phase 2 upgrades focus on transitioning facility from pepper to cannabis; construction underway, cultivation expected early 2022.","Michigan cannabis market strong: Sept 2021 sales $161M (+52.4% YoY); on track for $2B in 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-21-027213","json":"https://secwatch.observer/filing/0001493152-21-027213.json","markdown":"https://secwatch.observer/filing/0001493152-21-027213.md","text":"https://secwatch.observer/filing/0001493152-21-027213.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1532619/000149315221027213/0001493152-21-027213-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1532619/000149315221027213/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T12:55:23.497572+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}